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1) Israel has seen tremendous growth in its life sciences sector, with the number of life sciences companies growing from 186 prior to 1996 to over 1,000 by 2012, aided by 40 new companies formed each year. 2) Israeli universities play a key role in the country's technology transfer ecosystem by serving as the starting point for commercializing academic research and inventions. 3) Technology transfer from Israeli universities has led to the creation of globally successful companies and products in various fields such as mobileye, cherry tomatoes, memory chips, and more.